China Corporate Bank
Account Opening.
Open RMB basic accounts, foreign exchange capital accounts and operating accounts for your WFOE or foreign-invested enterprise with bank selection, KYC preparation and bilingual branch support. Read: Complete bank account opening guide →
Start your bank account opening.
Tell us your company status, target city, legal representative location and banking needs. Our team will respond within one business day.
What is China corporate bank account opening?
China corporate bank account opening is the process of setting up a business bank account for a WFOE or foreign-invested enterprise after incorporation. Most companies need an RMB basic account for daily operations and salary or tax payments, plus a foreign exchange capital account if foreign registered capital will be injected. The process usually includes bank selection, KYC document preparation, appointment booking, legal representative identity verification, account approval, online banking activation and account maintenance setup.
Your China company is not operational until banking is ready.
A business licence establishes the company. A corporate bank account lets the company operate — receive capital, pay staff, settle invoices, make tax payments and manage cross-border funds under bank and foreign-exchange procedures.
Receive registered capital
Foreign-invested enterprises usually need a capital account to receive registered capital from overseas shareholders and complete conversion steps for lawful business use.
Run daily operations
The RMB basic account supports daily settlement, payroll, tax payments, supplier payments and other routine company transactions.
Pass bank KYC smoothly
Banks review ownership, business model, legal representative identity, address information and account purpose before opening and activating the account.
Choose the bank accounts your FIE actually needs.
Most foreign-invested enterprises start with one core operating account and one capital-related account. Additional accounts depend on trade, foreign-currency settlement and treasury needs.
RMB Basic Account
The company’s primary operating account for daily settlement, payroll and tax payments, supplier payments and other routine company transactions. Each company normally maintains one basic account.
Foreign Exchange Capital Account
Used by foreign-invested enterprises to receive registered capital from overseas shareholders before lawful conversion and transfer for business use.
Foreign Currency / General Accounts
Additional accounts may support import/export settlement, cross-border collections, working-capital segregation or business lines that require separate banking arrangements.
What you need before the bank appointment.
Bank requirements vary by city and branch, but most WFOE and FIE account openings require the same core company, identity, address and account-purpose information.
| Requirement | What to prepare |
|---|---|
| Business licence | Unified social credit code, company name, registered address and business scope exactly matching the company record. |
| Company chops | Company chop, finance chop and legal representative chop where required for bank forms and account activation documents. |
| Legal representative ID | Passport or PRC ID, contact details and in-person attendance plan if the bank requires face-to-face verification. |
| Articles of association | Company governance and shareholder information used by the bank to understand ownership and authorisation structure. Foreign-issued versions usually need to be notarised and apostilled in the country of issuance. |
| Shareholder / UBO information | Ownership chain, controlling shareholder information and beneficial-owner details requested under bank KYC procedures. |
| Registered address | Lease, office contact and site-verification details where the branch requires address confirmation. |
| Account purpose | Expected transactions, RMB and foreign-currency needs, registered-capital plan, payroll/tax needs and trade settlement profile. |
A five-step framework from bank selection to activation.
Asomerit helps you prepare the banking file before the appointment so the branch can review your company profile, KYC documents and account purpose without avoidable delays.
Bank selection
Compare branch requirements, account types, foreign-exchange needs, online banking features and legal representative attendance rules.
File preparation
Prepare business licence, articles, chops, legal representative ID, shareholder information, address documents and account-purpose notes.
Branch appointment
Coordinate appointment timing, bank forms, on-site verification needs and legal representative attendance where required.
KYC review
The bank reviews ownership, business model, expected transactions, address information and compliance profile before approval.
Activation
Activate online banking, payment permissions, tax-payment functions and follow-up steps for capital account or foreign-currency needs.
Opening a bank account as part of a new China entity setup?
Review our WFOE registration service →Three factors that determine how smooth the bank review feels.
Bank account opening is easier when the company’s documents, transaction plan and legal representative logistics are aligned before the branch appointment.
Bank and branch choice
Different banks have different onboarding thresholds, fee structures, English-service capacity and foreign-exchange capabilities. The right branch depends on your city and transaction profile.
Ask about bank selection →Legal representative availability
Many banks require face-to-face verification by the legal representative. Planning this early avoids delays after the business licence is issued.
Plan legal representative stay →Capital and transaction purpose
The bank will look for a coherent account purpose: registered capital injection, payroll, supplier payments, tax payments, trade settlement or foreign-currency needs.
Model your first-year setup cost →China corporate bank account opening at a glance
Free, expert-built tools and downloads for your China entry.
Whether you're scoping costs, scoring eligibility, or planning the year's compliance calendar — we built these so you can make better decisions before you commit.
WFOE Cost Calculator
3-year setup and operating costs by city.
Estimate your WFOE setup cost →Work Permit Eligibility Self-Check
Score against the A/B/C work-permit points framework.
Score your work permit →WFOE Setup Checklist
Bilingual 42-item registration checklist.
Download the checklist →China Compliance Calendar 2026
Statutory holidays + filing deadlines.
Download the calendar →Frequently asked questions about China corporate bank account opening.
You have questions, and Asomerit has answers. If we don't cover all your confusions, just let us know.
Most WFOEs need an RMB basic deposit account for daily operations. If the company will receive foreign registered capital, it will usually also need a foreign exchange capital account. Depending on the business model, additional foreign currency or general accounts may be useful.
Typical materials include the business licence, articles of association, company chops, legal representative ID, shareholder or UBO information, registered address details, contact information and bank-specific KYC forms. Banks may request additional materials depending on the city, branch and account type.
Many banks require the legal representative to attend a face-to-face appointment for identity verification and account activation. Some banks may allow alternative arrangements, but this depends on the bank, branch, company profile and current KYC policy.
A standard corporate bank account opening usually takes about 1 to 3 weeks after the company documents are ready and the bank accepts the appointment. Timing depends on bank availability, KYC review, site checks and whether a capital or foreign-currency account is also needed.
Yes. Foreign registered capital is usually remitted into a foreign exchange capital account after the company is incorporated and the bank account is approved. The funds can then be converted and transferred for lawful business use according to bank and foreign-exchange procedures.
Yes. The RMB basic account is normally used for daily operating payments, including salary payments, supplier payments, tax payments and social-insurance contributions once the company’s tax and payroll setup is ready.
A company normally maintains one RMB basic account, but it may open additional general or foreign-currency accounts where there is a valid business need. Additional accounts can mean extra review, paperwork and transfer-fee considerations.
Bank account closure is one of the required steps in formal company deregistration. Once tax clearance is complete and any final settlements are made, the basic account, capital account and foreign-currency accounts are closed in sequence under the bank's deregistration procedure. Leaving accounts open or simply stopping use is not a clean exit — outstanding balances, fees and reporting obligations can continue to accrue.
Yes. For groups that need cross-border treasury — mainland WFOE plus an HK holding or trading company — we coordinate Hong Kong corporate bank account opening alongside the China-side accounts. HK banking has its own KYC, source-of-funds and physical-presence rules, separate from the mainland process.
Client feedback from China market entry projects.
My company was successfully incorporated in Shenzhen in just 5 days and my China work visa was also approved much faster than expected. Asomerit's efficiency was impressive, and their professional attitude gave me complete peace of mind.
We needed to secure a Food Operation Licence in Beijing and get a Work Visa for our head chef from Mexico City. Asomerit handled everything to open my Mexican restaurant. They helped review all my documents and navigated the chef's visa application flawlessly. We opened on time with our full team.
Setting up in Yiwu was the right move for our supply chain, but selling to Ireland meant dealing with complex cross-border tax rules. Asomerit didn't just register the company; they guided us through the entire financial process. Thanks to their advice on export tax rebates, we successfully claimed our VAT refunds — adding 13% to our bottom line.
Open your China bank account with fewer surprises.
Prepare the right banking file before the appointment. Asomerit helps foreign-invested companies coordinate bank selection, KYC materials, legal representative logistics and account activation.
No. 17, North Third Ring Road East
Chaoyang District, Beijing